Projected Home Interest Rates 2024 Uk. August 2024 has brought hopes of a boost in homebuyer demand after interest rates were cut by the bank of england for the first time since march 2020. Based on the various factors considered above, we expect five year fixed mortgage rates of between 4.25% and 4.75% for the better part of 2024.

How to get a lower mortgage rate. According to the latest forecasts by financial analysts, uk interest rates are expected to stay around the current level of 5.25% until summer 2024.